|Holding of issued ordinary shares
|BBC Croatia d.o.o. (incorporated in Croatia)||100|
|BBC do Brasil Limitada (incorporated in Brazil)||100|
|BBC East Asia Relay Company Limited (incorporated in Hong Kong)||100|
|BBC Kiev LLC (incorporated in Ukraine)||100|
|BBC Morocco SA (incorporated in Morocco)||100|
|BBC Pakistan Private Limited (incorporated in Pakistan)||100|
|BBC R (incorporated in Russia)||100|
|BBC Radiocom (Bulgaria) EOOD (incorporated in Bulgaria)||100|
|BBC Radiocom (Praha) s.r.o. (incorporated in the Czech Republic)||100|
|BBC Romania SRL (incorporated in Romania)||100|
|BBC Radiocom Deutschland GmbH (incorporated in Germany)||100|
|BBC Ukraine LLC (incorporated in Ukraine)||100|
|BBC World Service Hong Kong Limited (incorporated in Hong Kong)||100|
|BBC World Service India Private Limited (incorporated in India)||100|
|BBC World Service Trust*|
|Aerial Radio Musorszoro KFT (incorporated in Hungary)||50|
|Multimedia Ventures Limited (incorporated in Great Britain)||50|
* The BBC World Service Trust is a charitable company limited by guarantee, of which the BBC is the sole member.
Although BBC World Service is technically the parent of the BBC World Service Trust, the Trust is exempt from consolidation.This is because the Trustees have a fiduciary duty to act in the best interests of the Trust’s beneficiaries. Substantially all of the Trust’s income is made up of grants, which are classified as restricted funds because their use is specified by donors, such that BBC World Service has no direct control over, or financial interest in, the assets of the Trust.
The results and balances of the other companies listed above are not material to BBC World Service either individually or in aggregate.